LONDON: Drax Group has reached agreement for the sale of Drax Generation Enterprise Limited (DGEL), which holds four Combined Cycle Gas Turbine (CCGT) power stations, to VPI Holding Limited (“VPI”) for consideration of £193.3 million, subject to customary adjustments. This includes £29.0 million of contingent consideration associated with the option to develop a new CCGT…
Stenprop secures new £66.5m debt facility
LONDON: Stenprop Limited, the UK multi-let industrial (MLI) REIT, has secured a new seven-year, £66.5 million fixed rate senior debt facility with ReAssure, a news release said. The new facility refinances an existing £61.5 million loan, which was due to expire in June 2022, and is secured against a portfolio of 30 multi-let industrial assets…
Stenprop Limited
Stenprop Limited is a UK REIT listed on the LSE and the JSE. The objective of the Company is to deliver sustainable growing income to its investors. Stenprop’s investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the…
Law Debenture acquires company secretarial unit of Konexo UK
LONDON: The Law Debenture Corporation announced that its wholly-owned subsidiary Law Debenture Corporate Services Limited (LDCS) has entered into a binding agreement to acquire the company secretarial unit (CSS) of Konexo UK, a division of Eversheds Sutherland International LLP . The Acquisition consists of the company secretarial business and assets. The total consideration for the…
Keywords Studios announces $50 million acquisition of High Voltage Software
LONDON, UK: Keywords Studios has entered into an agreement to acquire the entire issued share capital of High Voltage Software, a privately owned provider of game development services to the video games industry, for a total consideration of up to US$50m. The acquisition will further the Group’s strategy to become the ‘go to’ technical and…
Keywords Studios
Keywords Studios is an international technical services provider to the global video games industry. Established in 1998, and now with 65 facilities in 21 countries strategically located in Asia, the Americas and Europe, it provides integrated art creation, marketing services, software engineering, testing, localization, audio and customer care services across more than 50 languages and…
Sensyne Health launches first digital health product in the U.S.
OXFORD: Sensyne Health plc has launched GDm-Health, its remote monitoring solution for diabetes in pregnancy, in the U.S. with immediate effect. Sensyne’s sales and marketing partner for the U.S., Cognizant, is now offering the solution to U.S. health systems and health plans via its sales force. Virtual care services powered by GDm-Health will qualify for…
JD Sports Fashion announces $325 million acquisition of Shoe Palace in United States
LONDON: JD Sports Fashion Plc announced that on 14 December 2020, its existing wholly-owned intermediate holding company in the United States, Genesis Holdings Inc, acquired 100% of both the issued shares in the Shoe Palace Corporation and the members’ interests in Nice Kicks LLC. Total cash consideration for the acquisition of Shoe Palace, subject to…
Ascential plc signs agreement to sell Glenigan for £72.9m
LONDON: Ascential plc has entered into an agreement to sell Glenigan, a brand within the Built Environment & Policy segment, to Byggfakta Group, for £72.9m in cash, a news release said. Completion is expected in Q1 2021 subject to an EU competition clearance required by the buyer. As previously indicated, the nature of Glenigan’s business…
Shaun Day appointed as CEO of Greatland Gold
LONDON: Greatland Gold plc announced the appointment of Shaun Day as Chief Executive Officer of the Company. Shaun Day will succeed Gervaise Heddle, who is leaving the Company to pursue other interests. Shaun Day will take up the position of CEO and join the Board on 8 February 2021. Gervaise Heddle will remain on the…
Babcock appoints Will Erith as new Marine CEO
LONDON: Babcock International Group, the aerospace and defence company, announced that Will Erith has been appointed as CEO of its Marine sector, effective immediately. Will was previously Managing Director of the Surface Ships Business Unit within the Sector, and before this held a range of leadership roles at Rolls Royce including international appointments based in…
Magnit launches Magnit Pay
KRASNODAR, RUSSIA: Magnit PJSC has initiated development of its super app, which will use the existing loyalty program to bring together online ordering, payment and credit solutions, lifestyle and other non-financial customer services, as well as privileges from its partners. As the first stage in creating the super app, the Company launched the Magnit Pay…